Slide 1: Investor Presentation Q2 FY 2026
Investor August 5, 2026 Presentation Q2 FY 2026 ©2026 Fastly, Inc. Fastly Q1 2026 Earnings Investor Deck (5/6/2026)
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation (this “Presentation”) contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended, about us and our industry tha
Slide 3: Investment highlights
Investment highlights Internet and AI Multiple ways Large and to accelerate and trends driving growing sustain growth significant addressable opportunity market Unified platform Mission-critical Clear market centered on platform vital leader with innovation for customer differentiated operations tec
Slide 4: Our mission is to make the internet a better place
Our mission is to make the internet a better place, where all experiences are fast, safe, and engaging. $687M 23.3% ~$22B 600+ 1,100+ 117% LTM Revenue YoY Revenue TAM 1 Large Employees 2 LTM NRR Q2‘2026 Growth Q2’2026 2026 Customers +97% 5.0+ Trillion 32% Faster average time to first Average CSAT Sc
Slide 5: Growth of internet consumption presents a significant opportunity for Fastly
Growth of internet consumption presents a significant opportunity for Fastly 2026 traffic growth estimate: 15.4% YoY 1 Reached 33 exabytes per day 2 ● AI generated content ● AI queries ● Peak events ● AI Inferencing ● Downloads ● Agentic AI ● Growing coverage ● Live event network ● API & Bot-heavy t
Slide 6: Edge Cloud positioning
Edge Cloud positioning Fastly partners with the Central Cloud with the goal of: ■ Faster, more consistent user experiences ■ Better performance at scale with lower costs ■ Time-critical decisions, site-local state and caching, pre- processing/stream analytics ■ “First-mile” enforcement (policy, secu
Slide 7: What is better done at the Edge?
What is better done at the Edge? Content & Application Security Compute / AI Observability Delivery Resilient & Enforcement & Speed Configurable Lower Cost Mission Critical Security Edge better? Why is the Personalized, “First-mile” Low latency (faster Helps applications dynamic, customizable enforc
Slide 8: Fastly's strategic global edge network
Fastly’s strategic global edge network Legacy Solutions 166 622 Tbps POPs Edge network capacity Deploying thousands of small, scattered POPs Slow and requires extensive hardware ✔ Fewer, more powerful POPs at strategic markets around the Single POP world Multiple POPs ✔ Less hardware to Planned new
Slide 9: Recognized by analysts and customers
Recognized by analysts and customers 2025 STUDY LEADER CUSTOMERS’ CHOICE CUSTOMERS’ CHOICE CUSTOMER VALUE Edge Development Edge Distribution Web App/API App Security Only Vendor Awarded Platforms Protection ROI 235% Customer Halo 7 years in a row ©2026 Fastly, Inc. Fastly Q2 2026 Earnings Investor D
Slide 10: Select customers in key industry verticals
Select customers in key industry verticals 624 $1.11M 117% Large Avg Large Customer LTM NRR Customers Spend Annualized Media, Gaming & FinTech Omnichannel Retail SaaS Solutions Travel & Leisure Entertainment Note: All figures as of June 30, 2026 ©2026 Fastly, Inc. Fastly Q2 2026 Earnings Investor De
Slide 11: Platform strategy and transformation
Platform strategy and transformation Strong momentum across our offerings driven by a Other platform-focused approach (4%) ● Compute +69% ● Observability Q2 YoY Growth Security (23%) ● WAF ● Bot Management +43% ● DDoS Network Q2 YoY Growth ● API Discovery Services ● CSP (73%) ● Delivery ● Media Shie
Slide 12: Our growth drivers
Our growth drivers 1 Platform strategy and cross-sell opportunities 2 Accelerated R&D innovation and feature velocity 3 Share gains on competitive take-outs 4 Deeper penetration into international markets ©2026 Fastly, Inc. Fastly Q2 2026 Earnings Investor Deck (8/5/2026) 12
Slide 13: Q2 FY 2026 Financial Results
Q2 FY 2026 Financial Results ©2026Fastly, ©2026 Fastly,Inc. Inc. Fastly Q1 Q2 Fastly 2026 Earnings 2026 Investor Earnings Deck Investor (5/6/2026) Deck (8/5/2026) 13
Slide 14: Q2 2026 Financial highlights
Q2 2026 Financial highlights $687M 23% 43% LTM Revenue YoY Revenue Growth YoY Security Revenue Growth 65.8% $341M $34M Non-GAAP Gross Margin Remaining Performance Obligations LTM Free Cash Flow* (vs 59.0% in Q2 2025)* (RPO) Grew 38% YoY *Non-GAAP measures. See Appendix for a reconciliation of these
Slide 15: Revenue and Non-GAAP gross margin performance
Revenue and Non-GAAP gross margin performance Total revenue ($M), YoY growth and Non-GAAP gross margin Quarterly Results Annual Results Revenue Non-GAAP GM 65.1% 65.8% 60.9% 64.0% 62.8% 58.8% 58.6% 59.0% 57.5% 57.3% $183 $624 $173 $173 $544 $144 $149 $158 $137 $141 Q3:24 Q4:24 Q1:25 Q2:25 Q3:25 Q4:2
Slide 16: Opex leverage over time
Opex leverage over time Total Non-GAAP operating expenses % of revenue Quarterly Results Annual Results Non-GAAP R&D% Non-GAAP S&M% Non-GAAP G&A% Non-GAAP OPEX% 61% 62% 59% 58% 55% 54% 63% 52% 51% 57% 29% 28% 27% 27% 25% 25% 24% 29% 23% 20% 20% 26% 18% 18% 18% 17% 18% 16% 19% 19% 14% 13% 14% 14% 12%
Slide 17: Increasingly efficient operating model
Increasingly efficient operating model Non-GAAP Income from operations and FCF ($M) Quarterly Results Annual Results Non-GAAP OP Inc ($M) Free Cash Flow ($M) $27 $46 $21 $19 $22 $18 $11 $12 $8 $9 $4 $4 $1 $(22) $(3) $(5) $(36) $(6) $(7) $(8) Q3:24 Q4:24 Q1:25 Q2:25 Q3:25 Q4:25 Q1:26 Q2:26 2024 2025
Slide 18: Financial Guidance
Financial Guidance Q3 2026 FY 2026 Revenue (millions) $184.0 - $190.0 $732.0 - $746.0 Growth % YoY (midpoint) 18% 18% Gross Margin* 65.0%, +/- 50 bps 65.0%, +/- 50 bps Operating Income* (millions) $20.0 - $24.0 $88.0 - $96.0 EPS, fully diluted* $0.11 - $0.13 $0.50 - $0.54 Free Cash Flow* (millions)
Slide 19: Appendix
Appendix ©2026Fastly, ©2026 Fastly,Inc. Inc. Fastly Q1 Q2 Fastly 2026 Earnings 2026 Investor Earnings Deck Investor (5/6/2026) Deck (8/5/2026) 19
Slide 20: Definitions
Definitions Use of Non-GAAP financial measures: To supplement our condensed consolidated financial statements, which are prepared and presented in accordance with accounting principles generally accepted in the United States ("GAAP"), the Company uses the following non-GAAP measures of financial per
Slide 21: GAAP to Non-GAAP Quarterly Reconciliation
GAAP to Non-GAAP Quarterly Reconciliation Gross profit Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 GAAP gross profit $ 74,740 $ 75,063 $ 76,798 $ 81,116 $ 92,329 $ 105,960 $ 108,181 $ 115,951 Stock-based compensation expense and related employer payroll taxes 1,911 1,910 1,939 2,
Slide 22: GAAP to Non-GAAP Quarterly reconciliation (cont'd)
GAAP to Non-GAAP Quarterly reconciliation (cont’d) Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Operating income (loss) GAAP operating loss $ (40,590) $ (34,331) $ (38,179) $ (36,943) $ (28,788) $ (15,090) $ (23,895) $ (14,433) Stock-based compensation expense and related employer
Slide 23: Free Cash Flow
Free Cash Flow Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Net cash flow provided by (used in) operations $ 5,002 $ 5,220 $ 17,288 $ 25,798 $ 28,924 $ 22,434 $ 28,866 $ 39,334 Capital expenditures (12,110) (13,125) (9,079) (14,887) (10,833) (13,836) (24,757) (35,761) Free cash fl
Slide 24: ©2026 Fastly, Inc. Fastly Q1 2026 Earnings Investor Deck (5/6/2026)
©2026 Fastly, Inc. Fastly Q1 2026 Earnings Investor Deck (5/6/2026) 24